Australia has agreed to negotiate permanent maritime boundaries with East Timor to settle a dispute over bitterly contested oil reserves in the Timor Sea, accepting the tiny nations right to tear up a 2006 treaty between Australia and East Timor. The deal could also imperil Australia's 1972 maritime boundary with Indonesia.

The government of Timor Leste has decided to deliver to the government of Australia a written notification of it's wish to terminate the 2006 treaty on certain maritime arrangements in the Timor Sea. A joint statement issued by Foreign Minister of Australia Julie Bishop and East Timor's Foreign Minister Hernani Coelho announced the dissolution of the treaty this week between the two countries and Australia will not contest the move.

Both parties recognise the importance of providing stability and certainty for petroleum companies with interests in the Timor Sea and continue to provide a stable framework for petroleum operations and the continue of development of resources in the Timor Sea.

Australia led the peacekeeping force in 1999 that restored order in East Timor after it's independence vote sparked a brutal blowback by pro - Indonesia militias.

 

Published by Julian Groom